Under New Management

Lisanti, Linda
December 2005
Convenience Store News;12/19/2005, Vol. 41 Issue 15, p12
Trade Publication
The article presents information on the acquisition of 7-Eleven Inc. by its majority shareholder, the resignations of top executives, including chief executive officer (CEO) James Keyes, and the appointment of new leaders who will guide the convenience store giant into the future. Joseph M. DePinto, former vice president of operations of 7-Eleven, who left the company last March, took over the helm on December 1, 2005 as the new president and CEO of the world's largest convenience retailer. 7-Eleven Inc. is now a wholly-owned subsidiary of Seven-Eleven Japan Co., its hugely successful Japanese licensee, which on November 9, 2005 completed a cash tender offer of $37.50 per share for all outstanding shares.


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